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XRP Price Prediction: Will June 16 XRP Lawsuit Update Trigger a Breakout or Breakdown?

  • XRP price fell 4% to $2.23 amid trade fears with Trump's tariffs.
  • XRP faced losses despite positive developments like cooling U.S. CPI.
  • XRP Ledger now supports tokenized U.S. Treasuries via Ondo Finance.
  • June 16 holds importance for Ripple's legal case with the SEC.
  • On this date, the SEC must provide an update to the U.S. Court of Appeals.
  • Anticipation for the legal outcome might not bring a significant price rally.
  • XRP's short-term movement closely correlates with Bitcoin, awaiting a $112K push.
  • Rejection at $2.33 saw XRP price facing downside risks to $2.15 or $2.10.
  • Bitcoin's performance and legal proceedings will impact XRP's near future.
  • The cryptocurrency community is closely monitoring Bitcoin and legal developments.

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